XIT.TO vs. QQQ
Compare and contrast key facts about iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO) and Invesco QQQ (QQQ).
XIT.TO and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XIT.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Mar 19, 2001. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both XIT.TO and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XIT.TO or QQQ.
Key characteristics
| XIT.TO | QQQ | |
|---|---|---|
| YTD Return | 7.84% | 15.96% |
| 1Y Return | 22.09% | 28.44% |
| 3Y Return (Ann) | -3.64% | 8.94% |
| 5Y Return (Ann) | 13.06% | 20.55% |
| 10Y Return (Ann) | 17.47% | 17.81% |
| Sharpe Ratio | 0.91 | 1.62 |
| Daily Std Dev | 21.89% | 17.68% |
| Max Drawdown | -81.18% | -82.98% |
| Current Drawdown | -11.65% | -5.86% |
Correlation
The correlation between XIT.TO and QQQ is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
XIT.TO vs. QQQ - Performance Comparison
In the year-to-date period, XIT.TO achieves a 7.84% return, which is significantly lower than QQQ's 15.96% return. Both investments have delivered pretty close results over the past 10 years, with XIT.TO having a 17.47% annualized return and QQQ not far ahead at 17.81%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
XIT.TO vs. QQQ - Expense Ratio Comparison
XIT.TO has a 0.60% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
XIT.TO vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO) and Invesco QQQ (QQQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
XIT.TO vs. QQQ - Dividend Comparison
XIT.TO has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.50%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XIT.TO iShares S&P/TSX Capped Information Technology Index ETF | 0.00% | 0.00% | 0.00% | 0.03% | 0.00% | 0.30% | 0.00% | 0.13% | 0.15% | 0.08% | 0.20% | 0.55% |
QQQ Invesco QQQ | 0.50% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
XIT.TO vs. QQQ - Drawdown Comparison
The maximum XIT.TO drawdown since its inception was -81.18%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for XIT.TO and QQQ. For additional features, visit the drawdowns tool.
Volatility
XIT.TO vs. QQQ - Volatility Comparison
iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO) and Invesco QQQ (QQQ) have volatilities of 6.27% and 6.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.